Security News
Firstmac Limited is warning customers that it suffered a data breach a day after the new Embargo cyber-extortion group leaked over 500GB of data allegedly stolen from the firm. Yesterday, Have I Been Pwned creator Troy Hunt published on X a sample of the notification letter sent to Firstmac customers, informing them of a severe data breach.
Finland's Transport and Communications Agency is warning about an ongoing Android malware campaign attempting to breach online bank accounts. The McAfee app is malware that will allow threat actors to breach victim's bank accounts.
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A new phishing campaign has been observed leveraging a novel loader malware to deliver an information stealer and keylogger called Agent Tesla. Trustwave SpiderLabs said it identified a phishing...
The U.S. Treasury Department's Office of Foreign Assets Control has sanctioned three cryptocurrency exchanges for working with OFAC-designated Russian dark web markets and banks. The first, Bitpapa IC FZC LLC, is a peer-to-peer virtual currency exchange that caters to Russian nationals and has facilitated millions of dollars in transactions with two OFAC-designated Russian entities, Hydra Market and Garantex.
The Phishing as a Service platform 'LabHost' has been helping cybercriminals target North American banks, particularly financial institutes in Canada, causing a notable increase in activity. LabHost isn't a new provider, but its popularity surged after introducing custom phishing kits for Canadian banks in the first half of 2023.
"Leading experts forecast that cyber security risks associated with quantum will materialize in the coming decade," reasoned [PDF] the MAS. Cryptographically relevant quantum computers "Would break commonly used asymmetric cryptography, while symmetric cryptography could require larger key sizes to remain secure," it added. The monetary authority warned that the security of financial transactions and sensitive data financial institutions process could be at risk, thanks to quantum computers that can "Break some of the commonly used encryption and digital signature algorithms."
Ukraine's cyber police arrested a 31-year-old for running a cybercrime operation that gained access to bank accounts of American and Canadian users and sold it on the dark web. "To distribute his virus, the hacker created and administered several websites, offering users to download various software for free," reads the police's announcement.
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security...